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ZCDC recovers 23 ct gem-quality diamond in Marange

The Zimbabwe Consolidated Diamond Company (ZCDC) has recovered a 23 carat gem quality diamond and a 65 carat near-gem stone from its Marange operations, according to a local media report.

Today

ICA President to be on IBC Shenzhen's Board of Directors

Following the recently signed MOU between IBC and the ICA, Clement Sabbagh, ICA President, has been invited to sit on the Board of Directors of the initiative of IBC Shenzhen’s “One Belt One Road” project, says a press note from ICA.

Today

Israel to hold diamond auction at JCK Las Vegas

The Israeli Diamond Industry will again be among the largest international exhibitors at the JCK Las Vegas show during June 1-4, 2018.

Today

IEG presented details about its project to upgrade and expand Fiera di Vicenza

The Italian Exhibition Group presented in Vicenza comprehensive details about its project to upgrade and expand the city's Exhibition Centre (Fiera di Vicenza).

Today

ALROSA continues to divest its non-core assets

ALROSA summarized the results of the program of its non-core asset disposition in QI, 2018. In January-March the company divested 68 assets, liquidated 1 and granted 4 objects. Actual revenues from sales exceeded 30.4 bn roubles.

Yesterday

Fancy Color Diamonds – Appreciation or Profit? How to manage expectations

27 april 2018

(fcresearch.org) - The recent $9 million lawsuit made by New Orleans Saints quarterback Drew Brees created a serious buzz in the diamond and jewelry community. Following the news, we received endless inquiries from jewelry stores, wholesalers and investment companies asking the FCRF to shed some light on the subject, with a particularly high volume of queries focused on strategies for meeting expectations when purchasing a fancy color diamond as an investment. According to a lawsuit filed on April 2nd, Mr. Brees claims that a San Diego retailer did not “act in good faith” by selling him $14,535,004 worth of “investment grade” fancy color diamonds over the course of a decade with an allegedly unreasonable profit margin. An independent appraiser evaluated the jewelry at $6.5 million.

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